11:38 AM, 6th May 2022, About 3 weeks ago 4
I am wondering what subscribers think about the new trend of large build to rent developments. I can see the attraction to young people, with communal hubs, IT suites and on-site coffee shops etc. It means that if their own home is the size of a box they can go and hang out in other parts of the building.
However, these places are more expensive to rent generally than local BTL properties, though they do include many utilities so at least people can plan their budget.
However, I am concerned about the regulations for raising the rents and of course, they are owned by corporations so there is room for corruption and bad management.
It all sounds a bit too controlled and managed for my liking. A bit like a retirement village for youngsters. It also doesn’t address the issue of providing houses for people who can’t afford to rent in these places.
What do you think?
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